The Tamil Nadu government has come out with Vision 2023, which envisages investments to the tune of Rs 1,50,000 crore (USD 25 billion) for infrastructure development.
"Tamil Nadu is an industry-friendly state and a big manufacturing hub with presence of many internationally renowned multinationals," Tamil Nadu Industries Minister P Thangamani said today at a roadshow for Tamil Nadu Global Investors Meet 2015 here.
The meet will be held at the Chennai Trade Centre on September 9-10.
The state government has inked 33 MoUs with private companies that look to create some 1,62,000 jobs, he said.
Among private sector players, the Mahindra Group has already committed an investment of Rs 4,000 crore in Tamil Nadu, Thangamani said, adding that companies such as MRF, Renault-Nissan Alliance, CPCL, Lotus Chocolate and Amway India have shown interest.
Twelve focus areas have been identified for the Investors Meet, which include automobiles and auto components, aerospace, infrastructure, renewable energy and IT/ITeS.
